Family Farm and Small Business Exemption Act
Sponsored By: Representative Mann, Tracey [R-KS-1]
Introduced
Summary
Exempts family farms and small family-owned businesses from federal student aid asset calculations. The bill would change the Title IV "net value" test so a family farm where the family lives and a family-owned small business with up to 100 full-time or full-time-equivalent employees would not be counted as assets in need analysis for award years beginning after enactment. That change would increase calculated financial need for students from those families.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
College aid: exclude family farm and business
If enacted, federal student aid asset tests would not count the net value of a family farm you live on. They would also not count the net value of a small business you own and control, if it has 100 or fewer full-time or full-time-equivalent employees. This would apply to need analysis for award years beginning on or after the date of enactment. For eligible families, this could increase need-based aid.
Sponsors & CoSponsors
Sponsor
Mann, Tracey [R-KS-1]
KS • R
Cosponsors
Rep. Panetta, Jimmy [D-CA-19]
CA • D
Sponsored 2/7/2025
Rep. Thompson, Glenn [R-PA-15]
PA • R
Sponsored 2/7/2025
Craig
MN • D
Sponsored 2/7/2025
Davis (NC)
NC • D
Sponsored 2/7/2025
Rep. Meuser, Daniel [R-PA-9]
PA • R
Sponsored 2/7/2025
Ellzey
TX • R
Sponsored 2/7/2025
Hageman
WY • R
Sponsored 2/7/2025
Rep. Sorensen, Eric [D-IL-17]
IL • D
Sponsored 2/7/2025
Rep. Finstad, Brad [R-MN-1]
MN • R
Sponsored 2/7/2025
Rep. Fleischmann, Charles J. "Chuck" [R-TN-3]
TN • R
Sponsored 2/7/2025
Rep. Graves, Sam [R-MO-6]
MO • R
Sponsored 2/7/2025
Rep. Cline, Ben [R-VA-6]
VA • R
Sponsored 2/7/2025
Rep. Hinson, Ashley [R-IA-2]
IA • R
Sponsored 2/7/2025
Bost
IL • R
Sponsored 2/7/2025
Costa
CA • D
Sponsored 2/7/2025
Rep. Tenney, Claudia [R-NY-24]
NY • R
Sponsored 2/7/2025
Rep. Scott, Austin [R-GA-8]
GA • R
Sponsored 2/7/2025
DesJarlais
TN • R
Sponsored 2/7/2025
Edwards
NC • R
Sponsored 2/7/2025
Rep. Grothman, Glenn [R-WI-6]
WI • R
Sponsored 2/7/2025
Maloy
UT • R
Sponsored 2/7/2025
Rep. Tokuda, Jill N. [D-HI-2]
HI • D
Sponsored 2/7/2025
Rep. Bergman, Jack [R-MI-1]
MI • R
Sponsored 2/7/2025
Rep. Van Orden, Derrick [R-WI-3]
WI • R
Sponsored 2/7/2025
Franklin, Scott
FL • R
Sponsored 2/7/2025
Rep. Zinke, Ryan K. [R-MT-1]
MT • R
Sponsored 2/7/2025
Rep. Smith, Adrian [R-NE-3]
NE • R
Sponsored 2/7/2025
Schmidt
KS • R
Sponsored 2/7/2025
Rep. Moolenaar, John R. [R-MI-2]
MI • R
Sponsored 2/7/2025
Smith (MO)
MO • R
Sponsored 2/7/2025
Rep. Perez, Marie Gluesenkamp [D-WA-3]
WA • D
Sponsored 2/7/2025
Rep. Rouzer, David [R-NC-7]
NC • R
Sponsored 2/7/2025
Rep. Miller, Mary E. [R-IL-15]
IL • R
Sponsored 2/7/2025
LaHood
IL • R
Sponsored 2/7/2025
Messmer
IN • R
Sponsored 2/7/2025
Rep. Fallon, Pat [R-TX-4]
TX • R
Sponsored 2/7/2025
Rep. Bacon, Don [R-NE-2]
NE • R
Sponsored 2/7/2025
Webster (FL)
FL • R
Sponsored 2/7/2025
Rep. Nunn, Zachary [R-IA-3]
IA • R
Sponsored 2/7/2025
Fitzgerald
WI • R
Sponsored 2/7/2025
Rep. Newhouse, Dan [R-WA-4]
WA • R
Sponsored 2/7/2025
Rep. Valadao, David G. [R-CA-22]
CA • R
Sponsored 2/7/2025
Rep. Guest, Michael [R-MS-3]
MS • R
Sponsored 2/7/2025
Rep. Self, Keith [R-TX-3]
TX • R
Sponsored 2/7/2025
Hudson
NC • R
Sponsored 2/7/2025
Rep. Fong, Vince [R-CA-20]
CA • R
Sponsored 2/7/2025
Rep. Downing, Troy [R-MT-2]
MT • R
Sponsored 2/7/2025
Rep. Miller-Meeks, Mariannette [R-IA-1]
IA • R
Sponsored 2/7/2025
Rep. Moore, Barry [R-AL-1]
AL • R
Sponsored 2/7/2025
Evans (CO)
CO • R
Sponsored 2/7/2025
Feenstra
IA • R
Sponsored 2/7/2025
Rep. McDonald Rivet, Kristen [D-MI-8]
MI • D
Sponsored 2/7/2025
Rep. Flood, Mike [R-NE-1]
NE • R
Sponsored 2/7/2025
Rep. Lawler, Michael [R-NY-17]
NY • R
Sponsored 2/7/2025
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 2/7/2025
Rep. Scholten, Hillary J. [D-MI-3]
MI • D
Sponsored 2/7/2025
Joyce (PA)
PA • R
Sponsored 2/7/2025
Lucas
OK • R
Sponsored 2/7/2025
Rep. McCaul, Michael T. [R-TX-10]
TX • R
Sponsored 2/7/2025
Kelly (PA)
PA • R
Sponsored 2/7/2025
Rep. Salinas, Andrea [D-OR-6]
OR • D
Sponsored 2/7/2025
LaMalfa
CA • R
Sponsored 2/7/2025
Cisneros
CA • D
Sponsored 2/7/2025
Kelly (MS)
MS • R
Sponsored 2/7/2025
Rep. Ezell, Mike [R-MS-4]
MS • R
Sponsored 2/7/2025
Wittman
VA • R
Sponsored 2/7/2025
Rep. Deluzio, Christopher R. [D-PA-17]
PA • D
Sponsored 2/7/2025
Cole
OK • R
Sponsored 2/7/2025
Kustoff
TN • R
Sponsored 2/7/2025
Rep. Baird, James R. [R-IN-4]
IN • R
Sponsored 2/7/2025
Rep. Jackson, Ronny [R-TX-13]
TX • R
Sponsored 2/7/2025
LaLota
NY • R
Sponsored 2/7/2025
Rep. Carter, Troy A. [D-LA-2]
LA • D
Sponsored 2/7/2025
Rep. Collins, Mike [R-GA-10]
GA • R
Sponsored 2/7/2025
Balderson
OH • R
Sponsored 2/7/2025
Bilirakis
FL • R
Sponsored 2/7/2025
Rep. Fischbach, Michelle [R-MN-7]
MN • R
Sponsored 2/7/2025
Ciscomani
AZ • R
Sponsored 2/7/2025
Rep. Owens, Burgess [R-UT-4]
UT • R
Sponsored 2/7/2025
Rose
TN • R
Sponsored 2/10/2025
Rep. Davids, Sharice [D-KS-3]
KS • D
Sponsored 2/11/2025
Fedorchak
ND • R
Sponsored 2/11/2025
Rep. Barrett, Tom [R-MI-7]
MI • R
Sponsored 2/13/2025
Moore (NC)
NC • R
Sponsored 2/26/2025
Rep. Carbajal, Salud O. [D-CA-24]
CA • D
Sponsored 3/18/2025
Rep. Letlow, Julia [R-LA-5]
LA • R
Sponsored 3/31/2025
Rep. Harder, Josh [D-CA-9]
CA • D
Sponsored 7/10/2025
Rep. Vindman, Eugene Simon [D-VA-7]
VA • D
Sponsored 9/9/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov